Overview
What is Equipnet?
Equipnet is a nonprofit organization, headquartered in Alamo, California, with a dedication towards supporting worthy programs. It accepts funds from various donors and channels them towards initiatives that align with the conditions attached to the restricted funds. The organization's focus areas include leadership development, training, technology, and micro-economic development strategies, with a primary goal of empowering and uplifting indigenous leaders and their visions. Equipnet is a collaborative effort between individuals who wish to utilize their talents, resources, and connections to bring hope and dignity to those in need, focusing on transformation through compassion and justice.
Official website here: www.myequipnet.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: Two Stars (71%)**
Equipnet has received a Two-Star out of Four Star rating from Charity Navigator, indicating that it "Needs Improvement." This score is derived solely from its Accountability & Finance performance, which, while relatively strong in areas such as program expense ratio and material diversion of assets, reveals significant gaps. Notably, the organization scored zero points for its financial statements being unavailable, and its fundraising efficiency ratio is notably low.
Strengths of Equipnet include its high program expense ratio, suggesting that a significant portion of its funding is utilized directly for its programs. Meanwhile, the organization has established solid governance policies, as reflected in other accountability metrics such as the presence of a conflict of interest policy and documentation of board meeting minutes. However, the lack of transparency in financial documentation raises concerns regarding its overall financial health and operational transparency.
Unfortunately, reviews from GreatNonprofits are not available, limiting the insight into user experiences with the organization. Overall, while Equipnet demonstrates some positive aspects, its financial reporting issues and fundraising efficiency present challenges that potential donors may find concerning.
This AI summary has been generated from information found on Charity Navigator.
Is Equipnet legitimate?
Equipnet is a legitimate nonprofit organization registered as a 501(c)(3) entity. Equipnet submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $447,770
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.myequipnet.org
What is the mission statement of Equipnet?
Equipnet is driven by a collaborative team with a mission to utilize their resources and relationships to bring hope and dignity to those in need. The organization aims to empower innovators who specialize in fostering transformation through compassion and justice. Equipnet accepts funds from various donors and directs them towards worthy programs that adhere to the restrictions of the donated funds. The organization's focus is primarily on leadership development, training, technology, and micro-economic development strategies that uplift and support indigenous leaders in implementing their vision.
Official website here: www.myequipnet.org
Who is the CEO of Equipnet?
Robert Norsworthy is the CEO of Equipnet The CEO's salary of Equipnet is $64,999 and their total compensation is $199,324.
Official website here: www.myequipnet.org
What is the revenue of Equipnet?
Equipnet's revenue in 2023 was $10,769,573.
Official website here: www.myequipnet.org
Who are the executives of Equipnet and what are their salaries?
There 5 volunteers at Equipnet.
Here are 5 key members and their salaries (Equipnet's CEO's salary is $64,999 and their total compensation is $199,324):
- Compensation: $108,676
- Related: $0
- Other: $95,000
- Compensation: $64,999
- Related: $0
- Other: $134,325
- Compensation: $44,770
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.myequipnet.org
Where can I find the form 990 for Equipnet?
Equipnet's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.myequipnet.org
Learn more at the official website: www.myequipnet.org
Mission Statement of Equipnet
Equipnet, a collaborative nonprofit organization, is driven by a team of individuals who are passionate about utilizing their talents, resources, and connections to bring hope and dignity to those in need. Their mission is centered around empowering innovators who specialize in driving transformation through compassion and justice. This mission is carried out by channeling funds from various donors towards programs that align with the restrictions of the donations received. Equipnet's focus is primarily on leadership development, training, technology, and micro-economic development strategies that uplift and support indigenous leaders in realizing their visions.
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Impact
July, 2024
Equipnet's impact is centered around empowering innovators who are dedicated to bringing hope and dignity to people in need. By accepting funds from a variety of donors and strategically allocating them to worthy programs focused on leadership development, training, technology, and micro-economic development, Equipnet plays a vital role in empowering indigenous leaders to implement their vision for positive change. This collaboration of individuals in Alamo, CA, works towards unleashing transformation through compassion and justice, making a tangible difference in the lives of those they serve.
This information is meant to be a general summary of Equipnet. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $4
- Gross Receipts: $10,769,573
Assets and Liabilities:
- Total Assets: $1,148,288
- Total Liabilities: $344,645
- Net Assets: $803,643
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Organization Details
Founding Year
2000
Principal Officer
Robert Norsworthy
Website
www.myequipnet.orgNTEE Category
Code: X22 - Religion related
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